Re: PURCHASE OF AIR TIME

TPAI teacher

Posted on 1/01/12

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On 12/12/11, C.O. wrote:
> On 12/11/11, LOU wrote:
>> DOES ANYONE KNOW HOW MUCH AIR TIME COST TO BUY TEACHING
>> YEARS TO RETIRE? 50% OF CURRENT SALARY?
>>
>> THANKS
> Lou,
>
> TRS is the only one who can answer this question. Call them
> at 800-352-0650. You are essentially pre-paying your own
> retirement payments, so it's based on your salary and the
> contributions that you and the district would be paying and
> also factoring in your life expectancy. It's not cheap but it
> might be a good purchase.
>
> At the same time, when you get the information from TRS, also
> ask an investment advisor how much you could get per month
> from an annuity purchased with the same amount of money. That
> might be a better use of your money.
How about TPAI lost first year from the 1980's? We were given a
step and year increase on passing with no benefit of a year of
retirement contributions. Can this year be bought back? What a
retirment loss and scam to put on beginning teachers with no
tenure!

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